The money we pay in council tax go's to the council. The bulk of council funding comes from the goverment.
One gov site says "in 2019/20, local authorities in England received 23% of their funding from government grants, 50% from council tax, and 27% from retained business rates "
I assume the grant is set at start of year and is'nt adjusted just because some houses get revalued for council tax band or if people dont pay.
So lower band means less money?